About this raise

Epilog, with a valuation of $53.08 million, is raising funds on StartEngine. The technology company has developed a digital vision technology with image quality similar to human eyes. The technology finds use in queue management, remote inspection, and driver assistance. Epilog has a strong IP position with ten patents granted and software, optics, and robotic flow ready-to-scale manufacturing. The company is in the process of manufacturing its first 1,000 units to start selling in 2023. Michael and Lance Mojaver founded Epilog in 2015. The current crowdfunding campaign has a minimum target of $10,001 and a maximum target of $4.99 million. The campaign proceeds will be used to bring its proprietary technology to even more industries.

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Investment Overview

Invested this round: $492,851

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/02/2022
Close Date
04/03/2023
Min. Goal
$10,001
Max Goal
$4,999,999
Min. Investment

$192

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.83

Pre-Money Valuation

$53,075,623

Company & Team

Company

Year Founded
2010
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
San Jose, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
Yes
Founder Name
Michael Mojaver
Title
CEO
Founder Name
Lance Mojaver
Title
CTO

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$64,288
as of FY2021
 Runway
19.5 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$10,000

COGS

$8,827

$0

Tax

$0

$0

 

 

Net Income

$-771,455

$-291,963

Summary Balance Sheet

FY 2021 FY 2020

Cash

$1,256,284

$376,482

Accounts Receivable

$0

$0

Total Assets

$1,612,120

$713,591

Short-Term Debt

$456,808

$412,882

Long-Term Debt

$0

$0

Total Liabilities

$456,808

$412,882

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$49,243
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 StartEngine $25,110,973 $160,720 Equity - Common Active RegCF
09/03/2024 StartEngine $60,060,148 $303,683 Equity - Common Funded RegCF
02/24/2024 Republic $46,677,978 $0 Equity - Common Not Funded RegCF
04/03/2023 StartEngine $53,075,623 $492,851 Equity - Common Funded RegCF
12/19/2021 StartEngine $21,200,000 $3,703,426 Equity - Common Funded RegA+
03/21/2021 StartEngine $21,200,000 $135,377 Equity - Common Funded Test the Waters
06/26/2020 StartEngine $9,200,000 $1,069,999 Equity - Common Funded RegCF
12/13/2019 SeedInvest $10,000,000 $923,187 Convertible Note Not Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Epilog on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $53,075,623
Price per Share: $2.83

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